The price range of Bitcoin between 115,500 and 117,000 not only forms strong support on the 4-hour chart but is also an important overlapping area on the daily and weekly charts. The significance of this price level is reflected across multiple time frames.

From the 4-hour chart perspective, this range represents the last low point of the current upward trend and the moving average crossover area. If the price can hold this range, it means that after a short-term consolidation, it may continue to rise. However, if it breaks below this range, it could negate the entire 4-hour level upward trend, triggering stop-loss actions for short-term investors.

From the perspective of the daily chart, 115,500 is the low point of the previous round of correction and also the dividing line between bullish and bearish forces. As long as the price remains above this level, the daily chart structure still leans towards bullish. However, if it falls below this level, the market may enter a daily chart level adjustment, and both the duration and magnitude of the adjustment could expand.

From the perspective of the weekly chart, this range is precisely the intersection of the 20-week moving average and the area of high trading volume. If the weekly close falls below this range, it may lead to many medium- to long-term investors reducing their positions or even exiting the market, thereby triggering a rapid deterioration of market sentiment.

It is worth noting that 113,800 is another key weekly support level. If the price breaks below this level, the next important support range may be between 105,000 and 107,000.

Overall, the importance of the price range between 115,500 and 117,000 cannot be ignored. It not only relates to short-term trends but may also affect the medium-term market structure. Investors should closely monitor the price performance in this range in order to adjust their investment strategies in a timely manner.